A co-branded credit card called the BPCL SBI Card Octane is provided by State Bank of India (SBI) and Bharat Petroleum Corporation Limited (BPCL). Designed with regular drivers in mind, it provides a number of advantages, such as quicker reward points on fuel purchases at BPCL locations, which lowers the cost of refilling.
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Joining Fee
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₹1499
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Annual Fee
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₹1499 (Reversed on spending ₹2 lakh in a year)
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Joining Benefits
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₹6,000 bonus reward points worth ₹1,500 on the payment of joining fee
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Pros
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- 25X reward points on fuel purchases at BPCL
- Multi-faceted reward points across dining, movies, groceries and departmental stores
- 4 complimentary lounge visits per calendar year
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Cons
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- Fuel benefits are limited to BPCL pumps only
- Fuel surcharge waiver is capped at Rs. 100 per month
- Low rewards rate on other retail spends
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Key Features
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- Welcome benefits worth ₹1,500
- ₹2,000 e-gift voucher from Aditya Birla Fashion/ Yatra/ Hush Puppies/ Bata on ₹3 lakh
- Complimentary fraud liability cover of ₹1 lakh
- 4 complimentary visits per calendar year to domestic VISA lounges in India
- 1% fuel surcharge waiver (up to ₹100 in a month) on transactions of up to ₹4,000
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Eligibility
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- Age: 21-70 years
- Occupation: Available to both Salaried and Self-employed
- Documents Required: Proof of Identity (Available to both Salaried and Self-employed), Proof of Address (Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 month’s old, Ration Card, Property Registration Document), Proof of Income (Latest one or 2 salary slip (not more than 3 months old), Latest Form16, Last 3 months’ bank statement)
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Opinion: The BPCL SBI Card Octane presents an enticing package for frequent fuel consumers, offering generous rewards and benefits. However, its exclusivity to BPCL pumps and limited fuel surcharge waiver might deter users who seek flexibility in fueling options. Nonetheless, its welcome benefits and complimentary lounge visits add significant value for targeted consumers.